New Delhi, April 1 – The Income Tax Department has explicitly excluded income arising from the transfer of investments made before April 1, 2017, from the scope of the General Anti-Avoidance Rules (GAAR), thereby resolving a long-standing industry concern regarding retrospective applicability...
The Central Board of Direct Taxes (CBDT) has signed a record 219 Advance Pricing Agreements (APAs) with Indian taxpayers during the 2025-26 financial year, which is the highest number of APAs signed in a single year since the program's inception. According to the Ministry of Finance, the total...
New Delhi, March 31 The Income Tax Department has signed a record 219 Advance Pricing Agreements (APAs) in the current fiscal year ending March 31.This brings the total number of APAs signed so far to 1,034."The CBDT has signed a record 219 Advance Pricing Agreements in FY 2025-26, the...
advance pricing agreement
apa
bapa
bilateral advance pricing agreement
cbdt
cross-border transactions
fiscal year 2025-26
income tax department
india
international tax cooperation
multinational enterprises
tax certainty
New Delhi, March 9 The Income Tax Department has detected under-reporting of sales worth Rs 408 crore after it conducted a nationwide survey of restaurants on charges of tax evasion, the CBDT said on Monday.After visiting the premises of restaurants on Sunday, the taxman is now sending emails...
artificial intelligence
audit
cbdt
central board of direct taxes
data analysis
financial transactions
food and beverage sector
income tax
india
restaurants
sales reporting
tax evasion
tax returns